Exhibit 99.1

For Immediate Release

Contacts:
Investor Relations: Gregg Kvochak, (310) 556-8550
For Media: Mike Distefano, (310) 843-4199

Korn/Ferry International Announces Third Quarter Fiscal
2010 Results of Operations

Highlights

	•		Third quarter fiscal 2010 fee revenue was $146.8 million, compared to $136.2 million in the same quarter last year.
	•		Q3 FY’10 diluted earnings per share was $0.11, compared to $0.08 in Q3 FY’09 excluding certain adjustments discussed below. Third quarter fiscal 2010 diluted earnings per share was $0.17 compared to diluted loss per share of $0.52 in Q3 FY’09.
	•		Cash and marketable securities were $251 million at January 31, 2010.

Los Angeles, CA, March 9, 2010 — Korn/Ferry International (NYSE: KFY), a premier global provider of talent management solutions, announced third quarter fiscal 2010 diluted earnings per share of $0.11 (excluding a $2.8 million tax benefit) compared to diluted earnings per share of $0.08 in Q3 FY’09 (excluding restructuring charges of $16.8 million and an impairment charge on marketable securities of $15.3 million). On a GAAP basis, diluted earnings per share was $0.17 in Q3 FY’10, compared to diluted loss per share of $0.52 in Q3 FY’09.

“We are encouraged by our results during the quarter, which included our third consecutive sequential fee revenue increase and a year-over-year fee revenue increase of eight percent,” said Gary D. Burnison, Chief Executive Officer of Korn/Ferry International. “Although our growth rate continues to outpace the industry, the macroeconomic environment remains challenging. Korn/Ferry, however, is well positioned with $251 million in cash and marketable securities and a clear vision for the future. We have a focused and differentiated business model, a systematic approach to client service that has been institutionalized throughout our Firm and high caliber colleagues who are helping Korn/Ferry capture market share across the globe.”

Financial Results
(dollars in millions, except per share amounts)

		Third Quarter								Year to Date
		FY’10				FY’09				FY’10				FY’09
Fee revenue		$	146.8			$	136.2			$	403.7			$	531.2
Total revenue		$	152.9			$	144.5			$	422.7			$	561.7
Operating income (loss)		$	6.4			$	(11.3	)		$	(16.3	)		$	34.0
Operating margin			4.3	%			(8.3	)%			(4.1	)%			6.4	%
Net income (loss)		$	7.9			$	(22.4	)		$	(3.6	)		$	7.1
Basic earnings (loss) per share		$	0.18			$	(0.52	)		$	(0.08	)		$	0.16
Diluted earnings (loss) per share		$	0.17			$	(0.52	)		$	(0.08	)		$	0.16

		Third Quarter								Year to Date
		FY’10				FY’09				FY’10				FY’09
Operating income		$	6.0			$	5.5			$	4.2			$	50.8
Operating margin			4.1	%			4.1	%			1.1	%			9.6	%
Net income		$	4.8			$	3.5			$	6.8			$	33.4
Basic earnings per share		$	0.11			$	0.08			$	0.15			$	0.77
Diluted earnings per share		$	0.11			$	0.08			$	0.15			$	0.75

		Third Quarter								Year to Date
		FY’10				FY’09				FY’10				FY’09
Restructuring (reductions) charges		$	(0.3	)		$	16.8			$	20.6			$	16.8
Certain tax adjustments (b)		$	(2.8	)		$	—			$	(2.8	)		$	—
Impairment charge on marketable securities		$	—			$	15.3			$	—			$	15.9

Fee revenue was $146.8 million in Q3 FY’10 compared to $136.2 million in Q3 FY’09, an increase of 7.8% (or an increase of 2.0% or $2.7 million, on a constant currency basis), which reflects the improving revenue trends in all executive recruitment geographic locations in which we operate. During the same period, the weighted-average fee billed per engagement decreased by 2.0% (a decrease of 3.3% excluding the impact of exchange rates). Furthermore, the number of engagements opened increased 28.9% during the period. The Company experienced a 4.8% increase in fee revenue compared to Q2 FY’10.

Compensation and benefits were $102.7 million in Q3 FY’10, an increase of $8.7 million, or 9.3%, compared to $94.0 million in Q3 FY’09. This increase is attributable mainly to an increase in the variable component of compensation when compared to the prior year, which was lower than normal due to the challenging economic conditions. Changes in exchange rates impacted compensation and benefits in Q3 FY’10 unfavorably by $5.3 million from Q3 FY’09.

General and administrative expenses were $31.6 million in Q3 FY’10, an increase of $0.6 million, or 1.9% from $31.0 million in Q3 FY’09. This increase is attributable to a $1.5 million increase in unrealized foreign exchange loss, which was partially offset by a reduction in premises and office expenses. Changes in exchange rates impacted general and administrative expenses in Q3 FY’10 unfavorably by $1.7 million from Q3 FY’09.

Operating income was $6.4 million in Q3 FY’10 compared to operating loss of $11.3 million in Q3 FY’09, an increase of $17.7 million. Excluding restructuring charges of $16.8 million incurred in Q3 FY’09, operating income was $6.0 million, an increase of $0.5 million as compared to Q3 FY’09.

Balance Sheet and Liquidity

Cash and marketable securities were $251.2 million at January 31, 2010 compared to $330.3 million at April 30, 2009. Cash and marketable securities include $64.5 million and $60.8 million, held in trust for deferred compensation plans, at January 31, 2010 and April 30, 2009, respectively. Cash and marketable securities decreased by $79.1 million from Q4 FY’09, mainly due to the payment of annual bonuses in Q1 FY’10 and payments on previously disclosed acquisitions in this fiscal year.

Results by Segment

Selected Executive Recruitment Data
(dollars in millions)

		Third Quarter								Year to Date
		FY’10				FY’09				FY’10				FY’09
Fee revenue		$	129.2			$	116.6			$	353.8			$	451.4
Total revenue		$	134.3			$	123.3			$	369.2			$	474.0
Operating income		$	18.5			$	5.2			$	15.1			$	63.5
Operating margin			14.3	%			4.5	%			4.3	%			14.1	%
Ending number of consultants			483				497				483				497
Average number of consultants			490				516				486				521
New engagements (a)			1,683				1,217				4,580				4,806

		Third Quarter								Year to Date
		FY’10				FY’09				FY’10				FY’09
Operating income		$	18.5			$	16.3			$	38.5			$	74.6
Operating margin			14.3	%			14.0	%			10.9	%			16.5	%

Fee revenue was $129.2 million in Q3 FY’10, an increase of $12.6 million, or 10.8%, when compared to revenue of $116.6 million in Q3 FY’09. On a constant currency basis, fee revenue increased by $6.5 million or 5.6%, when compared to the same quarter a year ago. Fee revenue increased in all regions due to a 12.5% increase in the overall number of engagements billed and a decrease in the average fee per engagement billed of 1.5% when compared to Q3 FY’09 (a decrease of 6.3% excluding the impact of exchange rates).

Operating income was $18.5 million in Q3 FY’10 compared to operating income of $5.2 million in Q3 FY’09. Excluding restructuring charges of $11.1 million incurred in Q3 FY’09, operating income was $16.3 million compared to $18.5 million in Q3 FY’10.

The total number of consultants at January 31, 2010 was 483, a decrease of 14 from January 31, 2009.

Selected Futurestep Data
(dollars in millions)

		Third Quarter								Year to Date
		FY’10				FY’09				FY’10				FY’09
Fee revenue		$	17.6			$	19.6			$	49.9			$	79.8
Total revenue		$	18.6			$	21.2			$	53.5			$	87.7
Operating income (loss)		$	0.6			$	(8.3	)		$	2.4			$	(4.2	)
Operating margin			3.2	%			(42.5	)%			4.7	%			(5.3	)%

		Third Quarter								Year to Date
		FY’10				FY’09				FY’10				FY’09
Operating income (loss)		$	0.2			$	(2.5	)		$	(0.5	)		$	1.5
Operating margin			1.1	%			(12.9	)%			(1.0	)%			1.9	%

Fee revenue was $17.6 million in Q3 FY’10, a decrease of $2.0 million, or 10.2%, from $19.6 million in Q3 FY’09. On a constant currency basis, fee revenue declined by $3.8 million in Q3 FY’10, compared to the same quarter a year ago. Reductions in fee revenue were driven by an 8.1% decrease in the number of engagements billed and to a lesser extent by a 1.6% decrease in the average fee per engagement billed.

Q3 FY’10 operating income includes reductions in restructuring costs of $0.3 million, which relate to recoveries of premise costs; without such recoveries, operating income would have been $0.2 million. Operating income was $0.6 million in Q3 FY’10 compared to an operating loss of $8.3 million in Q3 FY’09.

Outlook

Assuming constant foreign exchange rates, Q4 FY’10 fee revenue is likely to be in the range of $145 million to $155 million and diluted earnings per share is likely to be in the range of $0.10 to $0.16.

Earnings Conference Call Webcast

The earnings conference call will be held today at 2:00 PM (EST) and hosted by Gary Burnison, Chief Executive Officer, Mike DiGregorio, Chief Financial Officer and Gregg Kvochak, Vice President of Finance. The conference call will be webcast and available online at www.kornferry.com, accessible through the Investor Relations section.

Korn/Ferry International (NYSE: KFY), with a presence throughout the Americas, Asia Pacific, Europe, the Middle East and Africa, is a premier global provider of talent management solutions celebrating 40 years in business. Based in Los Angeles, the firm delivers an array of solutions that help clients to attract, develop, retain and sustain their talent. Visit www.kornferry.com for more information on the Korn/Ferry International family of companies, and www.kornferryinstitute.com for thought leadership, intellectual property and research.

Forward-Looking Statements

Statements in this press release and our conference call that relate to future results and events (“forward-looking statements”) are based on Korn/Ferry’s current expectations. Readers are cautioned not to place undue reliance on such statements. Actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties that are beyond the control of Korn/Ferry. The potential risks and uncertainties relate to competition, the dependence on attracting and retaining qualified and experienced consultants, the portability of client relationships, local political or economic developments in or affecting countries where we have operations, including fluctuations in exchange rates, risks related to the growth and results of Futurestep, global economic developments, restrictions imposed by off-limits agreements, reliance on information systems, the successful integration of acquired businesses and employment liability risk. For a detailed description of risks and uncertainties that could cause differences, please refer to Korn/Ferry’s periodic filings with the Securities and Exchange Commission. Korn/Ferry disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Use of Non-GAAP Financial Measures

This press release contains financial information calculated other than in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). These non-GAAP financial measures include:

	•		adjusted operating income (loss) and operating margin, adjusted to exclude restructuring (reductions) charges,
	•		adjusted net income (loss), basic and diluted earnings (loss) per share, adjusted to exclude restructuring (reductions) charges, certain tax adjustments and an impairment charge on marketable securities and;
	•		constant currency amounts that represent the outcome that would have resulted had exchange rates in the reported period been the same as those in effect in the comparable prior year period.

This non-GAAP disclosure has limitations as an analytical tool, should not be viewed as a substitute for financial information determined in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of the Company’s results as reported under GAAP, nor is it necessarily comparable to non-GAAP performance measures that may be presented by other companies.

Management believes the presentation of non-GAAP financial measures in this press release provides meaningful supplemental information regarding Korn/Ferry’s performance by excluding certain charges that may not be indicative of Korn/Ferry’s ongoing operating results. The use of these non-GAAP financial measures facilitate comparisons to Korn/Ferry’s historical performance. Korn/Ferry includes these non-GAAP financial measures because management believes it is useful to investors in allowing for greater transparency with respect to supplemental information used by management in its evaluation of Korn/Ferry’s ongoing operations and financial and operational decision-making.

[Tables attached]

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)

		Three Months Ended								Nine Months Ended
		January 31,								January 31,
		2010				2009				2010				2009
		(unaudited)
Fee revenue		$	146,742			$	136,210			$	403,690			$	531,243
Reimbursed out-of-pocket engagement expenses			6,158				8,283				19,054				30,459
Total revenue			152,900				144,493				422,744				561,702
Compensation and benefits			102,654				93,978				295,115				365,849
General and administrative expenses			31,635				30,963				86,853				97,316
Out-of-pocket engagement expenses			9,837				11,041				28,090				39,071
Depreciation and amortization			2,755				2,924				8,444				8,637
Restructuring (reductions) charges			(364	)			16,845				20,593				16,845
Total operating expenses			146,517				155,751				439,095				527,718
Operating income (loss)			6,383				(11,258	)			(16,351	)			33,984
Interest and other income (loss), net			893				(16,061	)			5,364				(16,865	)
Income (loss) before (benefit) provision for income taxes and equity in earnings of unconsolidated subsidiaries			7,276				(27,319	)			(10,987	)			17,119
Income tax (benefit) provision			(244	)			(4,549	)			(6,730	)			12,327
Equity in earnings of unconsolidated subsidiaries, net			390				414				639				2,316
Net income (loss)		$	7,910			$	(22,356	)		$	(3,618	)		$	7,108
Earnings (loss) per common share:
Basic		$	0.18			$	(0.52	)		$	(0.08	)		$	0.16
Diluted		$	0.17			$	(0.52	)		$	(0.08	)		$	0.16
Weighted-average common shares outstanding:
Basic			44,622				43,406				44,290				43,538
Diluted			45,811				43,406				44,290				44,352

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES
FINANCIAL SUMMARY BY SEGMENT
(in thousands)
(unaudited)

		Three Months Ended																Nine Months Ended
		January 31,																January 31,
		2010								2009								2010								2009
Fee Revenue:
Executive recruitment:
North America		$	70,187							$	66,978							$	193,709							$	252,649
EMEA			36,643								30,423								101,240								122,499
Asia Pacific			16,503								13,591								42,437								56,181
South America			5,829								5,650								16,396								20,063
Total executive recruitment			129,162								116,642								353,782								451,392
Futurestep			17,580								19,568								49,908								79,851
Total fee revenue			146,742								136,210								403,690								531,243
Reimbursed out-of-pocket engagement expenses			6,158								8,283								19,054								30,459
Total revenue		$	152,900							$	144,493							$	422,744							$	561,702
Adjusted Operating Income (Loss):
(Excluding Restructuring Charges)						Margin								Margin								Margin								Margin
Executive recruitment:
North America		$	13,353				19.0	%		$	13,324				19.9	%		$	28,810				14.9	%		$	48,158				19.1	%
EMEA			2,935				8.0	%			315				1.0	%			5,909				5.8	%			14,711				12.0	%
Asia Pacific			1,203				7.3	%			1,314				9.7	%			2,239				5.3	%			8,057				14.3	%
South America			1,010				17.3	%			1,329				23.5	%			1,526				9.3	%			3,623				18.0	%
Total executive recruitment			18,501				14.3	%			16,282				14.0	%			38,484				10.9	%			74,549				16.5	%
Futurestep			191				1.1	%			(2,530	)			(12.9	%)			(483	)			(1.0	%)			1,546				1.9	%
Corporate			(12,673	)							(8,165	)							(33,759	)							(25,266	)
Total adjusted operating income		$	6,019				4.1	%		$	5,587				4.1	%		$	4,242				1.1	%		$	50,829				9.6	%
Restructuring (Reductions) Charges:
Executive recruitment:
North America		$	—				0.0	%		$	2,557				3.8	%		$	(1,279	)			(0.6	%)		$	2,557				1.1	%
EMEA			—				0.0	%			6,606				21.7	%			24,798				24.5	%			6,606				5.4	%
Asia Pacific			—				0.0	%			947				7.0	%			87				0.2	%			947				1.6	%
South America			—				0.0	%			956				16.9	%			(173	)			(1.1	%)			956				4.7	%
Total executive recruitment			—				0.0	%			11,066				9.5	%			23,433				6.6	%			11,066				2.4	%
Futurestep			(364	)			(2.1	%)			5,779				29.6	%			(2,840	)			(5.7	%)			5,779				7.2	%
Corporate			—								—								—								—
Total restructuring (reductions) charges		$	(364	)			(0.2	%)		$	16,845				12.4	%		$	20,593				5.2	%		$	16,845				3.2	%
Operating Income (Loss):						Margin								Margin								Margin								Margin
Executive recruitment:
North America		$	13,353				19.0	%		$	10,767				16.1	%		$	30,089				15.5	%		$	45,601				18.0	%
EMEA			2,935				8.0	%			(6,291	)			(20.7	%)			(18,889	)			(18.7	%)			8,105				6.6	%
Asia Pacific			1,203				7.3	%			367				2.7	%			2,152				5.1	%			7,110				12.7	%
South America			1,010				17.3	%			373				6.6	%			1,699				10.4	%			2,667				13.3	%
Total executive recruitment			18,501				14.3	%			5,216				4.5	%			15,051				4.3	%			63,483				14.1	%
Futurestep			555				3.2	%			(8,309	)			(42.5	%)			2,357				4.7	%			(4,233	)			(5.3	%)
Corporate			(12,673	)							(8,165	)							(33,759	)							(25,266	)
Total operating income (loss)		$	6,383				4.3	%		$	(11,258	)			(8.3	%)		$	(16,351	)			(4.1	%)		$	33,984				6.4	%

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)

		January 31,				April 30,
		2010				2009
		(unaudited)
ASSETS
Cash and cash equivalents		$	175,811			$	255,000
Marketable securities			3,928				4,263
Receivables due from clients, net of allowance for doubtful accounts of $8,924 and $11,197, respectively			108,098				67,308
Income taxes and other receivables			6,466				9,001
Deferred income taxes			20,249				14,583
Prepaid expenses and other assets			26,851				21,442
Total current assets			341,403				371,597
Marketable securities, non-current			71,475				70,992
Property and equipment, net			25,618				27,970
Cash surrender value of company owned life insurance policies, net of loans			65,988				63,108
Deferred income taxes			50,355				45,141
Goodwill			171,001				133,331
Intangible assets, net			26,091				16,928
Investments and other assets			16,308				11,812
Total assets		$	768,239			$	740,879
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable		$	10,519			$	10,282
Income taxes payable			4,698				2,059
Compensation and benefits payable			102,055				116,705
Other accrued liabilities			44,014				44,301
Total current liabilities			161,286				173,347
Deferred compensation and other retirement plans			107,238				99,238
Other liabilities			18,554				9,195
Total liabilities			287,078				281,780
Stockholders’ equity
Common stock: $0.01 par value, 150,000 shares authorized, 57,528 and 56,185 shares issued and 45,982 and 44,729 shares outstanding, respectively			381,232				368,430
Retained earnings			81,304				84,922
Accumulated other comprehensive income, net			19,156				6,285
Stockholders’ equity			481,692				459,637
Less: notes receivable from stockholders			(531	)			(538	)
Total stockholders’ equity			481,161				459,099
Total liabilities and stockholders’ equity		$	768,239			$	740,879

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
RECONCILIATION OF AS REPORTED (GAAP) TO AS ADJUSTED (NON-GAAP)
JANUARY 31, 2010
(in thousands, except per share amounts)
(unaudited)

		Three Months Ended												Nine Months Ended
		January 31, 2010												January 31, 2010
		As Reported				Adjustments				As Adjusted				As Reported				Adjustments				As Adjusted
Fee revenue		$	146,742							$	146,742			$	403,690							$	403,690
Reimbursed out-of-pocket engagement expenses			6,158								6,158				19,054								19,054
Total revenue			152,900								152,900				422,744								422,744
Compensation and benefits			102,654								102,654				295,115								295,115
General and administrative expenses			31,635								31,635				86,853								86,853
Out-of-pocket engagement expenses			9,837								9,837				28,090								28,090
Depreciation and amortization			2,755								2,755				8,444								8,444
Restructuring (reductions) charges			(364	)			364				—				20,593				(20,593	)			—
Total operating expenses			146,517				364				146,881				439,095				(20,593	)			418,502
Operating income (loss)			6,383				(364	)			6,019				(16,351	)			20,593				4,242
Interest and other income, net			893								893				5,364								5,364
Income (loss) before (benefit) provision for income taxes and equity in earnings of unconsolidated subsidiaries			7,276				(364	)			6,912				(10,987	)			20,593				9,606
Income tax (benefit) provision (1) (2)			(244	)			2,698				2,454				(6,730	)			10,140				3,410
Equity in earnings of unconsolidated subsidiaries, net			390								390				639								639
Net income (loss)		$	7,910			$	(3,062	)		$	4,848			$	(3,618	)		$	10,453			$	6,835
Earnings (loss) per common share:
Basic		$	0.18							$	0.11			$	(0.08	)						$	0.15
Diluted		$	0.17							$	0.11			$	(0.08	)						$	0.15
Weighted-average common shares outstanding:
Basic			44,622								44,622				44,290								44,290
Diluted			45,811								45,811				44,290								45,209

Explanation of Non-GAAP Adjustments

For the three and nine months ended January 31, 2010:

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
RECONCILIATION OF AS REPORTED (GAAP) TO AS ADJUSTED (NON-GAAP)
JANUARY 31, 2009
(in thousands, except per share amounts)
(unaudited)

		Three Months Ended												Nine Months Ended
		January 31, 2009												January 31, 2009
		As Reported				Adjustments				As Adjusted				As Reported				Adjustments				As Adjusted
Fee revenue		$	136,210							$	136,210			$	531,243							$	531,243
Reimbursed out-of-pocket engagement expenses			8,283								8,283				30,459								30,459
Total revenue			144,493								144,493				561,702								561,702
Compensation and benefits			93,978								93,978				365,849								365,849
General and administrative expenses			30,963								30,963				97,316								97,316
Out-of-pocket engagement expenses			11,041								11,041				39,071								39,071
Depreciation and amortization			2,924								2,924				8,637								8,637
Restructuring charges			16,845				(16,845	)			—				16,845				(16,845	)			—
Total operating expenses			155,751				(16,845	)			138,906				527,718				(16,845	)			510,873
Operating (loss) income			(11,258	)			16,845				5,587				33,984				16,845				50,829
Interest and other (loss) income, net (1)			(16,061	)			15,348				(713	)			(16,865	)			15,893				(972	)
(Loss) income before (benefit) provision for income taxes and equity in earnings of unconsolidated subsidiaries			(27,319	)			32,193				4,874				17,119				32,738				49,857
Income tax (benefit) provision (2)			(4,549	)			6,381				1,832				12,327				6,401				18,728
Equity in earnings of unconsolidated subsidiaries, net			414								414				2,316								2,316
Net (loss) income		$	(22,356	)		$	25,812			$	3,456			$	7,108			$	26,337			$	33,445
(Loss) earnings per common share:
Basic		$	(0.52	)						$	0.08			$	0.16							$	0.77
Diluted		$	(0.52	)						$	0.08			$	0.16							$	0.75
Weighted-average common shares outstanding:
Basic			43,406								43,406				43,538								43,538
Diluted			43,406								43,917				44,352								44,352

Explanation of Non-GAAP Adjustments

For the three and nine months ended January 31, 2009: